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Posted about 11 years ago

Our Crowdfunding Network Is Growing Part 43

Our site is functional and we have spent the last week signing agreements with other vendors for third party accreditation services and taking money online.  Verify Investor is who we selected for third party reasonableness checks.  They have a lawyer letter with each investor verified, which covers blue sky provisions in 506(c).  They're more expensive, but it is worth it for the compliance piece.  We selected Verify Valid for our virtual money because the cost is FAR less than BancBox.  I wasn't at all impressed with BancBox.

Our Fundrise network topped 200 investors this week with in excess of $12M.  Our reports are going out for our CRM now and we're tracking targets, leads, and conversions pretty closely.  The 506(c) campaigns through our third service party providers should go out to doctor lists starting next week if all goes well.  The marketing processes will need some polish, but this should be a good start.  

Inner 10 Capital's operating agreements are now done.  I plan to JV on a deal using these agreements next week to get some more investor eyeballs on them to see if they need to be adjusted.  I also located a local securities attorney that will bill much lower rates for our offering circular and subscription agreement.  I'll likely switch over to him to complete this process, especially since he is local.  The PPM and subscription agreement are important documents, but I think they're less critical than the operating agreement we have spent several months on.  

A lot is happening.  I'll post more soon about our conference in October and other things happening.  


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